Statkraft to acquire Solarcentury

• Norwegian state-owned electricity supplier Statkraft has signed an arrangement to obtain the British solar developer Solarcentury.

Statkraft will certainly access to a 6 GW pipe in Europe and also South America "that integrated with Statkraft's present task portfolio quickly places the business as a leading designer in the European solar market," according to a news. Solarcentury's project pipe consists of Spain, the Netherlands, the UK, France, Greece, Italy and also Chile.

The deal is an acquisition of 100 percent of the shares in Solarcentury Holdings as well as its subsidiaries. The main investors were previously Scottish Equity Partners, VantagePoint Capital Partners, Zouk Capital, and also Grupo Ecos. The acquisition rate is ₤ 117.7 million ($155 million) and also consists of web cash. The deal is anticipated to be completed by the end of 2020.

"This acquisition is in line with our method to ramp up as a wind as well as solar programmer as well as turn into one of the leading renewable resource firms worldwide," claims Christian Rynning-Tønnesen, CEO of Statkraft. The firm has a target to develop at the very least 8 GW of wind and also solar by 2025.

Solarcentury is headquartered in London, UK with around 180 people throughout 12 nations. Considering that the firm changed their calculated technique in 2013 it has actually developed 40 utility-scale projects totaling ca 1,200 MW throughout 7 countries. Statkraft is an international company in energy market procedures. Statkraft has 4,000 staff members in 17 countries.